Inspirational Quotations

Inspirational Quotes by Alan Greenspan (American Economist)

Alan Greenspan (1926) is an American economist. He was the chairman of the National Commission on Social Security Reform 1981–83 and served as chairman of the Federal Reserve Board 1987–2006.

Born in New York City, Greenspan received a doctorate from New York University in 1977. He became president and chief executive officer of the private economic consulting firm Townsend-Greenspan, New York City (1954–74, 1977–87.) He was an advisor to the U.S. Treasury and the Federal Reserve Board (1971–74.) He was also a consultant to the congressional budget office since 1977 and was a member of the president’s economic policy advisory board 1981–89.

A free-market economist, Greenspan served as chairman of the board of governors of the Federal Reserve Bank for an unprecedented five terms (1987–2006) through the administrations of four American presidents. As Federal Reserve chairman, he preferred tight monetary policies to keep inflation in check. His decisive monetary policy steered the economy between the hazards of inflation and recession.

Greenspan is known for handling the 1987 stock market crash, wherein he promptly provided the economy with the liquidity needed to offset the market’s falloff. However, he is often criticized for presiding over detrimental investment bubbles that could have been forestalled through a more aggressive Fed policy. Detractors also contend that better oversight of the financial industry could have prevented the 2008 global financial crisis.

Greenspan’s works include Capitalism in America: A History (2018) and his memoir, The Age of Turbulence: Adventures in a New World (2007.) English journalist Sebastian Mallaby wrote The Man Who Knew: The Life and Times of Alan Greenspan (2016.)

More: Wikipedia READ: Works by Alan Greenspan

I do not deny that many appear to have succeeded in a material way by cutting corners and by manipulating associates, both in their professional and in their personal lives. But material success is possible in this world and far more satisfying when it comes without exploiting others.
Alan Greenspan

I have found no greater satisfaction than achieving success through honest dealing and strict adherence to the view that, for you to gain, those you deal with should gain as well.
Alan Greenspan
Topics: Business

The number one problem in today’s generation and economy is the lack of financial literacy.
Alan Greenspan
Topics: Economy

Capitalism is based on self-interest and self-esteem; it holds integrity and trustworthiness as cardinal virtues and makes them pay off in the marketplace, thus demanding that men survive by means of virtue, not vices. It is this superlatively moral system that the welfare statists propose to improve upon by means of preventative law, snooping bureaucrats, and the chronic goad of fear.
Alan Greenspan
Topics: Capitalism

To succeed, you will soon learn, as I did, the importance of a solid foundation in the basics of education—literacy, both verbal and numerical, and communication skills.
Alan Greenspan

It is decidedly not true that “nice guys finish last,” as that highly original American baseball philosopher, Leo Durocher, was alleged to have said.
Alan Greenspan

The true measure of a career is to be able to
be content, even proud, that you succeeded through
your own endeavors without leaving a trail of casualties in your wake.
Alan Greenspan

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